Fixed income registers a solid August

South African funds made steady progress in August with the HedgeNews Africa South African Single-Manager Composite adding a median 0.48% to sit 4.47% higher for the year.

The HedgeNews Africa Single-Manager Composite, which includes Africa-focused portfolios, added a median 0.65% for the month, leaving it 6.07% higher year to date.

Long/short equity funds were broadly positive in August, adding a median 0.4% to sit 3.93% higher year to date, while market-neutral and quantitative funds gained a median 0.28%, to sit 4.13% higher for the year.

Multi-strategy funds edged a median 0.22% higher to sit 3.95% higher year to date, while fixed income funds advanced by a median 0.91% to sit 6.61% higher for the year.

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